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Buying Power report: Blacks spend as economy grows
New 16th edition shows $507 bil in spending

The finding comes from the 16th annual edition of "The Buying Power of Black America" report. In 2009, black households spent an estimated $507 billion in 27 product and services categories. ...

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Commentator Armstrong Williams acquires TV stations in Michigan and S. Carolina

(March 4, 2013) Armstrong Williams, the nationally known political commentator and columnist, has announced his firm, Howard Stirk Holdings, LLC, has completed negotiations to acquire television stations in Flint, MI and Myrtle Beach, SC. The acquisition is part of the larger purchase of the Barrington Broadcast Group, LLC holdings by the Sinclair Broadcast Group, Inc.

For more than twenty years Armstrong Williams has been producing and hosting high-quality public affairs and entertainment programming for the broadcast industry, including for Sinclair. Williams has also served as the Chief Operating Officer of the Renaissance TV Cable Network (2001-2003), where he managed staff, programming, advertising and the development of prime-time specials. He has been a frequent guest on national programs and networks that include The Today Show, Good Morning America, Charlie Rose, CNN, MSNBC, Sky News, DC TV and the Joy Behar show.

Williams has also produced many prime-time specials with national and international leaders, such as US Supreme Court Justice Clarence Thomas, Poet Maya Angelou, former Vice-President Dick Cheney, and Israeli Prime Minister Benjamin Netanyahu.

"Today's announcement fulfills a life-long dream to own and operate broadcast facilities and give back to an industry that I love," said Williams. "I have been privileged to work with the Sinclair Broadcast Group for years and I am truly thankful for the opportunity it has provided. Many in the industry talk about diversity and expanding opportunity, but here the Sinclair Broadcast Group is putting words into action," Williams added.

The name "Howard Stirk" is taken from my mother's maiden name, Howard, and my father's middle-name, Stirk, Williams explained. "Knowing the humble, hard-scrabble beginnings of my family in rural South Carolina, I felt honoring my parents in this small way was the right thing to do," he concluded.

A native of Marion, South Carolina, Williams received his baccalaureate degree in Political Science and English from South Carolina State University and is a lifetime member of the Phi Beta Sigma Fraternity. He served on the President's Commission on White House Fellows appointed by President Bush from 2001-2005, and presently serves on the Independence Federal S&L Bank, the Carson Scholarship Fund, and the NEWSMAX Advisory Board.

Sinclair currently owns and operates programs or provides sales services to 87 television stations in 47 markets. Sinclair's television group reaches approximately 27.1% of US television households and includes FOX, ABC, MyTV, CW, CBS, NBC and Azteca affiliates. The transaction is subject to approval by the Federal Communications Commission and antitrust authorities. Following those approvals, Howard Stirk Holdings, LLC anticipates a closing by the summer.

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